The MBA Business Analytics professionals will enjoy the following benefits in their career
- MBA Business Analytics: The professionals profit from a growing demand for their skills. Today, there are more career possibilities in business analytics than there were five years ago in most IT businesses. The job trend graph for business analytics from multiple job listing sites shows that there is an increasing trend, resulting in a consistent growth in the number of work opportunities in the field of business analytics.
- Huge job possibilities and skill gaps: The need for business analytics capabilities is always increasing, yet there is a significant supply mismatch. This is happening all across the world, and it is not limited by location. Despite the fact that business analytics is a 'hot' area, there are still many unfilled positions throughout the world owing to a lack of essential skills. As a result, there are plenty of career opportunities in the subject of business analytics, and there is no sign of saturation.
- High Salary: The strong demand for business analytics talents is driving up compensation for skilled individuals and forcing organizations to pay top dollar for the correct expertise. The phenomena is being observed internationally, with nations such as Australia, the United States, and the United Kingdom observing this situation.
- Business analytics: Is a top priority for many businesses. According to several worldwide polls undertaken in the business analytics sector, it is apparent that business analytics is one of the top objectives of companies throughout the world. Business analytics specialists are given high attention in all companies when compared to others. Management relies more on the business data provided by business analytics specialists to make choices about business plans.
- Business analytics is evolving: New technologies are making it simpler to execute increasingly complex business analyses on huge and diverse information. With business analytics giving a competitive advantage, the pace of deployment of the essential business analytics technologies has expanded tremendously in both start-ups and large multinational corporations. More and more organizations are adopting business analytics technology because of their capabilities, which boost organizational efficiency and performance and provide a competitive advantage in the market.
The MBA Business Analytics students can find ample job opportunities across the globe. They are largely hired in global MNCs. The demand for skilled professionals is projected to increase by 15% by 2025. The organisations are ready to pay handsome salary packages for the right candidates.
Some of the job roles available are:
Machine Learning Analyst: Machine learning analyst is a specialist role still in its infancy. Machine learning analysts collaborate with the organization’s data science team to build programs and create algorithms to deliver data-driven products and services that enable machines to make decisions, take action and enhance user experience without any human interference. An example of this would-be self-driving cars and personalized social media news feeds.
Earning Potential: The machine learning analysts will be earning around 6 lakhs to 8 lakhs per annum.
Data Architect: Data architects use extensive programming tools to design secure data frameworks in order to manage large electronic databases for organizations. This is a highly technical role that involves ensuring the data is relevant, accurate and accessible to the organization so employees can access this information, such as financial records and marketing information, wherever and whenever they need.
Earning Potential: The data architects will be earning around 7 lakhs to 9 lakhs per annum.
Statistician: Statisticians compile, analyze and evaluate quantitative information from surveys and experiments in order to help organizations reach operational standards and advise on practical solutions to problems.
Earning Potential: The statisticians will be earning around 6 lakhs to 10 lakhs per annum.
Data Analyst: Data analysts are inquisitive, highly analytical and have a way with numbers. Every organization and business collects data, whether it’s sales figures, logistics, market research or transportation costs. As a data analyst it’s your job to gather and evaluate this data in order to provide clear insights as to how the organization can improve its business strategy and make better business decisions across various areas.
Earning Potential: The data analysts will be earning around 8 lakhs to 12 lakhs per annum.
Market Research Analyst: Market research analysts compile complex reports, spreadsheets, surveys and opinion polls in order to gather and evaluate significant market intelligence that can help an organization market their product or service in the best way possible. Data can include consumer demographics, spending habits and sales trends, needs, interests, and preferences.
Earning Potential: The market research analysts will be earning around 9 lakhs to 15 lakhs per annum.
Other Potential career roles:
- Business Analyst
- Data Analyst
- Growth Analyst
- Digital Analyst
- Process Analyst
- Big Data Analyst
- Financial Analyst
- Fraud Analyst
- Management Analyst
- Market Research Analyst
- Health Care Analyst
- Predictive Modeller
- Quantitative Analyst
- Computer System Analyst
